It was a Trump victory in the US election and stock markets exploded to the upside. The Dow, S&P 500 along with the NASDAQ hit new all time highs. The Dow gained 1508 points on very heavy volume. The advance/declines were positive. The summation index is trying to turn back up. Stocks rejoiced at the implication of another four years with Trump at the helm of the US government. The short term techncial indicators for the S&P improved and are moving straight up. There is no overhead resistance for the major stock indices. I'm not sure how long the rally lasts but there is nothing in the way for now on higher prices. We've got the Fed tomorrow and a rate cut is widely expected. I missed out on the SPY November calls as I did not want to pay the high premiums for another mistake on my part. Too late for that idea now. Gold got clobbered as the futures lost eighty bucks. The US dollar jumped higher and so did interest rates. The gold shares got slammed with the XAU losing almost 4 points and GDX dropping 1 1/2. Volume was heavy to the downside. Considering the drop in gold itself, it could have been worse for the gold shares. Gold was dropping overnight but not as steep as it became today. I should have canceled my open order for the GDX November calls but did not. Yet another mistake. It was filled at the open and is showing a loss. I might be able to cut the loss tomorrow if we get some good news from the Barrick Gold earnings before the bell. The technical picture for GDX has changed as the short and longer term up trend lines have been broken. It remains short term oversold but can remain that way during down trends. Mentally I'm feeling OK. The VIX gapped lower today which fits with a robust stock market. It is now well below the 20 level and its 50 day moving average. The VIX is right by its 200 day moving average and if it can get below that level the rally will have legs. Today we saw an example of how quick things can sometimes change in the market place. We don't often see moves like we saw today but thare is always that potential. Asia was mixed and Europe lower overnight. We'll see how the market reacts to the Fed tomorrow.